Word: downwardly
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After his Finance Minister said publicly just 10 days earlier that the currency would not be devalued, Zedillo used the occasion of a potential December uprising in Chiapas first to nudge the peso downward, then abruptly to let it float against the dollar. Plummet is what it did instead. In a world where international investment money can cross borders with a few taps on a computer keyboard, a thunder of key taps arose from the offices of stunned investment-fund managers in New York City and other financial centers. As they swiftly dumped Mexican securities, the peso went into...
...billion in credits from the U.S. and < Canada. That's in addition to a $6 billion currency swap fund that the U.S. already had in place to bolster Mexico in any currency crunch. News of that deal helped the peso move back upward and halted the accompanying downward swoop of the Mexican stock market...
...writes evocatively and sympathetically of Presley's first wild fame -- That's All Right, Mama, his first recording, made him a millionaire -- and tracks the star through the shattering death of his mother Gladys and his entry into the Army. A second volume is set to cover Elvis' long downward trajectory...
...defense strategy, riling allied countries with their nativism and voters with their disrespect for the Commander in Chief. Then the G.O.P.'s attempts to deliver on the tax cuts and other promises of the "Contract with America" threaten to aggravate the budget deficit, sending stock markets into a downward spiral. In the end, G.O.P. extremists drive their party so far to the right that their new coalition splinters. And the Democrats dream...
...announced that three of the Army's 12 divisions were far below their peak readiness levels. That prompted Representative Floyd Spence, the South Carolina Republican in line to be chairman of the Armed Services Committee, to charge that "U.S. military units are caught in the early stages of a downward readiness spiral that shows no prospect of easing in the foreseeable future...